5. 6.5 It is the principal that matters Suppose you borrow $10 000. You are going to...
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5. 6.5 It is the principal that matters Suppose you borrow $10 000. You are going to repay the loan by making equal annual payments for five years. The interest rate on the loan is 14 per cent per year. Prepare an amortisation schedule for the loan. How much interest will you pay over the life of the loan?
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9781743768051
8th Edition
Authors: Stephen A. Ross, Rowan Trayler, Charles Koh, Gerhard Hambusch, Kristoffer Glover, Randolph W. Westerfield, Bradford D. Jordan
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